How To Measure Results

This is part three of the double your vending cash flow series!


As email tips go this is going to be an important one. It is an important aspect of any business, every business, and especially this business. You are not just a vendor; you are a business man or woman, entrepreneur, and investor. Don't you want to know how your investment is turning out?

How does an investor look at his investment? ROI or Return on Investment. You can also look at is as your internal rate of return for your business.

To be successful as a vendor and to be successful in business you need to measure results. If you don't measure, how will you know where you're headed?

Here are several variables you should begin tracking right away.

* Machine sales per month

* Sales per "head" per month. Double head machine would have two heads. You need to keep track of each head and how it performs.

* Total Sales per type of candy per month. You need to know if you are selling more M&M Peanuts than Runts and by how much.

* % Margin on candy per month. M&M Peanuts may have greater sales than gumballs but gumballs may earn more profit due to the higher margins.

Now, using all of your data; load your spreadsheet program up and input all of this data to create a Pivot Table. This will show you graphically what is going on in your business. This is your first level of measurement.


Steps:1. Measure Results

2. Track Results

3. Make informed decisions.

4. Take the necessary steps to increase value.


Read more about Pivot Tables Here:

http://www.microsoft.com/dynamics/using/excel_pivot_tables_collins.mspx

Regards,
Robert Patterson,
President
http://www.kickstartlocations.com

Still Think Its A Recession

What Recession is the question? I am making money in this bad economy are you? Many people are still buying into the fact that we are in a recession I think we are in a progression meaning you have to be progressive in order for you to make some money. Vending is the recession proof business. If you are having hard times in your business then you need to market more.

Don't be fooled by the b.s. get off your lazy assets and get out there and make some money.

cool water

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Finding Money for Your Small Business

Getting money for your small vending business can be a task. If you are like me you don't have cash right out to go and buy machines needed to make some additional money. Since the economy is not so create "We" have to be creative when making and getting money. I have a couple of suggestion to help you get over the hump. First, you can use the good old trusty credit card to start you small business. I personally used my Discover card to buy one of my machines which has worked out great because the location is bringing in steady money which allows me to pay back my start up cost. Secondly, your job if you have a job you can put back some money each pay period to get you up and running with your business.Starting off small is not a bad idea get a few bubble gum machines and use the money from that to get you moving. Finally, taking donations is another way for you to get financed for your small vending machine business.

If you are serious about making money getting free and getting your life back then act on these few tips and you should be well on your way to financial freedom.

peace
cool water